Howard Hughes Holdings Inc. (NYSE:HHH) Given Average Recommendation of “Moderate Buy” by Analysts

Howard Hughes Holdings Inc. (NYSE:HHH) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $83.3333.

HHH has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Howard Hughes in a report on Saturday, September 27th. JPMorgan Chase & Co. increased their target price on shares of Howard Hughes from $76.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Zacks Research raised shares of Howard Hughes from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Wall Street Zen lowered shares of Howard Hughes from a “hold” rating to a “sell” rating in a report on Saturday, August 9th.

Howard Hughes Price Performance

NYSE HHH opened at $83.17 on Friday. Howard Hughes has a 52 week low of $61.40 and a 52 week high of $87.77. The firm has a market capitalization of $4.94 billion, a P/E ratio of 18.20 and a beta of 1.23. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. The company has a 50-day moving average price of $76.98 and a 200-day moving average price of $71.74.

Insider Transactions at Howard Hughes

In related news, Director Anthony Williams sold 1,100 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the sale, the director directly owned 8,102 shares of the company’s stock, valued at approximately $644,757.16. This represents a 11.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in Howard Hughes by 134.2% in the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Howard Hughes by 291.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Howard Hughes by 910.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock valued at $29,000 after acquiring an additional 355 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Howard Hughes during the 1st quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after acquiring an additional 339 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

About Howard Hughes

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.